NEWS
NEWS
Malawi’ s PayChangu Launches First Instant Bank-Transfer API for Merchants
Malawi-based FinTech PayChangu has launched the country’ s first instant bank-transfer API for merchants, in partnership with Centenary Bank. Announced in June 2025, this development allows merchants across various sectors, including sports betting and e-commerce, to accept real-time bank transfers through a single, seamless platform.
The new API simplifies payments by enabling instant confirmation and settlement, helping to reduce friction in merchant transactions. CEO Morgan Tembo emphasised the positive impact this will have on Malawi’ s digital economy, stating:“ Merchants
across multiple channels now enjoy seamless, instant payment options, enhancing cash flow and customer satisfaction.”
This launch marks a significant step forward for Malawi’ s FinTech landscape, which has seen rapid growth in mobile payments and digital banking adoption in recent years. PayChangu was recognised earlier this year at the ICTAM Awards as the country’ s leading ICT firm, reflecting its strong innovation credentials.
The collaboration with Centenary Bank also highlights the growing trend of partnerships between FinTech firms and traditional banks in Africa, aiming to boost financial inclusion and create more efficient payment ecosystems.
With this API, PayChangu plans to scale its reach, enabling more merchants to benefit from instant payments and helping consumers transact more easily in Malawi’ s evolving digital market.
This innovation is expected to play a key role in driving Malawi’ s economic recovery by facilitating smoother commerce and supporting small businesses in adopting digital payment methods.
Stripe acquires Privy to strengthen crypto infrastructure
Stripe has confirmed its acquisition of Privy, a crypto wallet infrastructure provider, as part of its broader push into digital assets. Announced in June 2025, the deal demonstrates Stripe’ s commitment to building secure, accessible crypto solutions for businesses worldwide.
Privy’ s technology enables easy management of digital wallets, streamlining how users store and transact with cryptocurrencies. By integrating Privy’ s tools into its global payments platform, Stripe plans to simplify crypto adoption for both businesses and consumers.
Stripe co-founder Patrick Collison said:“ Adding Privy to Stripe allows us to connect secure wallet infrastructure with our existing financial tools. We’ re building for the next generation of internetnative financial services.”
The acquisition reflects growing demand for crypto-friendly payment solutions and highlights Stripe’ s strategy to bridge traditional finance with emerging Blockchain technology. The company plans to leverage Privy’ s expertise to enhance identity verification, wallet security and digital asset management across its ecosystem.
As businesses seek easier ways to engage with digital currencies, Stripe’ s investment in crypto infrastructure positions it as a leader in the evolving FinTech space. The deal also strengthens Stripe’ s capacity to support decentralised finance applications, ensuring its platform remains innovative and competitive.
Stripe’ s latest acquisition signals its long-term commitment to shaping the future of global payments with a strong emphasis on crypto integration. www. intelligentfin. tech
9